BNP Paribas and open banking fintech Tink launch strategic partnership

Investors putting cash to work to capture the fintech trend in larger listed companies have flourished.

 Tink will expand its partnership with BNP Paribas Fortis in Belgium to work with the Italian retail network of BNP Paribas – Banca Nazionale del Lavoro (BNL). 

As part of the partnership, BNL will start implementing Tink’s solutions for account aggregation, payment initiation and personal finance management. 

The bank says is now its preferred partner in Europe for account aggregation, payment initiation and personal finance management technologies. 

Tink completed a €90m Series X investment last week, of which Opera Tech Ventures — BNP Paribas’ venture capital arm, took part.

Sophie Heller, COO Retail Banking & Services, BNP Paribas, said:  “We position ourselves as the trusted financial companion of our customers, so that we anticipate their needs, help them understand their situation, provide them with options and implement solutions on a daily basis and at critical moments. Tink’s solutions provide value added services to enhance our customers’ personal financial management. We are thrilled to develop this strategic partnership with Tink on a European level.” 

Daniel Kjellén (pictured left), co-founder and CEO of Tink, added: “We are beyond excited to become the preferred technology provider of account aggregation, payment initiation and personal finance management technologies to one of the largest retail bank groups in Europe, that serves almost 18 million customers in the region. We look forward to supporting BNP Paribas on an European level.”